Michael Elias
Michael Elias is a registered investment advisor at Centaurus Financial, INC., based in Anaheim, CA, with 39 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 2 more. Their firm serves 38,049 clients with $7.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Centaurus Financial's advisors manage client accounts through various programs, charging an annual fee based on the amount invested. Fees are negotiable and can be a flat percentage or tiered, where the rate decreases as the portfolio value increases. Additional charges may include transaction fees, custodial fees, and internal fund fees.
Maximum advisory fees:
- Alpha, Beta, ABJ, Omega, Delta: 2.25%
- AA & VL: 1.50%
- Adviser-Directed: 1.35%
- FlexUMA: 2.25%
Third-Party Money Managers (TPMMs) charge fees ranging from 1.00% to 3.00%.
Location
2300 E. Katella Ave., Suite 200, Anaheim, CA, 92806
Get directionsHistory
Regulatory History (4)
Customer Dispute
April 2024Customer Dispute
April 2023Customer Dispute
January 2023Employment Separation After Allegations
January 2013Other Business ActivitiesSells Insurance
Michael is the president of Elite Wealth Advisors since 2013, where he sells individual life insurance, long-term care, some group health, and fixed annuities, dedicating about 10-20% of his time. He also makes introductions to companies to file for the Employee Retention Credit, spending minimal time on this activity.
Employment History
Current Registrations
Centaurus Financial, INC.Broker
Centaurus Financial, INC.
Previous Registrations
Packerland Brokerage Services, INC.Broker
Packerland Brokerage Services, INC.
Princor Financial Services Corporation
Princor Financial Services CorporationBroker
Pruco Securities CorporationBroker
State Registrations9 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.